Hello! Analyzing the 30-minute chart of SOL/USDT

1. Price Dynamics:

After falling to the 108–110 zone, the price recovered to 120–124, forming a short-term upward trend. Currently, trading is taking place near 120, which may indicate a consolidation phase.

2. Stochastic (14,13):

The indicator is in the middle zone (25–50), with no clear signals. A move above 80 may indicate a potential pullback, while below 20 may suggest a reversal upwards.

3. BBP (Balance of Power):

Shows a slight advantage for sellers. If the price settles above 120 and BBP turns positive, a bullish momentum may occur.

4. Levels:

– Support: 116–118, deeper — 110–112.

– Resistance: 124. A breakout of this level could open the way to 128–130.

5. Forecast:

Holding above 120 and positive dynamics of indicators may lead to a retest of 124 and a rise above. Increased selling pressure could bring the price back to 116–118 or lower.

Conclusion:

The price is in a phase of uncertainty; however, the overall upward trend is still maintained. The key levels remain 120 (holding) and 124 (breakout).